Convectium is made up of a group of professionals whose goal it is to help you improve your efficiency post harvest and post extraction. As the creator of the industry’s first American designed filling and capping machines, we can help you automate your post extraction work flow. Using our 710 Shark filling machine customers can fill and cap 100 vape cartridges in a minute. A typical operator can expect throuput of up to 6000 cartridges filled and capped per hour. This production is orders of magnitude faster than our competition.
Our automation experts can also help increase efficiency on the flower side of the business. We are the US distributor for the industry leading PreRoller machine, capable of rolling up to 2,000 cones per hour. The PreRoller v3 can help replace the work of 10-15 employees.
Mark Adams outlined three desired outcomes as a result of Convectium Jacksam realigning its business strategy to focus on selling high margin machines, offering pre-rack solutions and expanding its strategic partnerships.
1) Profitability: The Company anticipates being cash flow positive by the 3rd Quarter of this year.
2) Increasing Scalability by focusing on leading multi-state operators
3) Streamline Offerings to align with current strategic partners to increase future cash flow, margins and operating leverage
The company highlighted that its gross margin improved from 21% in 2019 to 53% in the first quarter of 2020 as a result of the new business model. Jacksam expects these margins to continue to rise, crossing over 60% as the recurring revenue royalty agreements begin to contribute to the bottom line in the back half of the year. The addressable market according to company management is estimated to be (cartridges, filling and capping equipment) approximately $500M growing at 18.4% annually (potentially higher with US legalization).
Convectium Jacksam Corporation (OTCQB: JKSM) designs, manufactures and sells automation equipment for cannabis and CBD oil producers. Offering the only UL certified filling and capping machines specifically designed for the cannabis industry, Convectium machines work with nearly any commercially available cartridge, POD, vape or other inhalation device. As a first mover in large-scale post-extraction technology, Convectium holds numerous global patents and serves the most prestigious cannabis and CBD companies in the world. For more information, visit https://get.convectium.com/
Mark Adams has over 25 years of experience in Information Technology & FInancial Services, having served as both an analyst & portfolio manager at several investment management funds. He focused on M&A investment banking and corporate development for large technology-based organizations. Mark holds a BS degree from Providence College and a M.B.A. from Harvard Business School.
With over 25 years of experience in finance & consulting, Michael has served in multiple financial & operations management roles, including at EY, State Street, and Putnam. He was the CFO & COO of Copper Rock Capital partners.
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